Paysign, Inc. (NASDAQ:PAYS) Major Shareholder Sells $376,000.00 in Stock

Paysign, Inc. (NASDAQ:PAYS) major shareholder Daniel Spence sold 100,000 shares of the business’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of $3.76, for a total value of $376,000.00. Following the completion of the transaction, the insider now directly owns 8,990,000 shares in the company, valued at approximately $33,802,400. This represents a 1.10 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Paysign Stock Performance

PAYS stock opened at $2.15 on Friday. The stock has a fifty day moving average of $2.64 and a 200-day moving average of $3.24. Paysign, Inc. has a fifty-two week low of $2.10 and a fifty-two week high of $5.59. The company has a market capitalization of $115.13 million, a price-to-earnings ratio of 14.33 and a beta of 0.93.

Paysign (NASDAQ:PAYS) last released its quarterly earnings data on Tuesday, March 25th. The company reported $0.02 EPS for the quarter, meeting the consensus estimate of $0.02. The business had revenue of $15.61 million for the quarter, compared to the consensus estimate of $15.42 million. Paysign had a net margin of 14.28% and a return on equity of 30.64%. Equities analysts predict that Paysign, Inc. will post 0.21 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets lifted its position in shares of Paysign by 257.0% during the third quarter. BNP Paribas Financial Markets now owns 44,793 shares of the company’s stock worth $164,000 after acquiring an additional 32,245 shares in the last quarter. Barclays PLC raised its stake in shares of Paysign by 327.4% during the 3rd quarter. Barclays PLC now owns 47,090 shares of the company’s stock valued at $173,000 after purchasing an additional 36,071 shares during the period. Sanctuary Advisors LLC lifted its holdings in Paysign by 4.3% during the 3rd quarter. Sanctuary Advisors LLC now owns 121,089 shares of the company’s stock worth $419,000 after purchasing an additional 5,000 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Paysign by 164.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 63,247 shares of the company’s stock worth $232,000 after purchasing an additional 39,299 shares during the period. Finally, SG Americas Securities LLC grew its holdings in Paysign by 33.5% during the 4th quarter. SG Americas Securities LLC now owns 15,508 shares of the company’s stock valued at $47,000 after buying an additional 3,895 shares in the last quarter. 25.89% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on PAYS shares. DA Davidson reissued a “buy” rating and issued a $6.00 price target on shares of Paysign in a report on Wednesday. Barrington Research reiterated an “outperform” rating and issued a $7.00 target price on shares of Paysign in a research note on Wednesday. Finally, Lake Street Capital assumed coverage on shares of Paysign in a research report on Friday, December 20th. They set a “buy” rating and a $6.00 target price for the company.

About Paysign

Paysign, Inc provides prepaid card programs, comprehensive patient affordability offerings, digital banking services, and integrated payment processing services for businesses, consumers, and government institutions. Its product offerings include solutions for corporate rewards, prepaid gift cards, general purpose reloadable debit cards, employee incentives, consumer rebates, donor compensation, clinical trials, healthcare reimbursement payments and pharmaceutical payment assistance, and demand deposit accounts accessible with a debit card.